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Potato Starch Market Forecast 2023-2031 - Market Size, Drivers, Trends, And Competitors

03-25-2024 01:36 PM CET | Food & Beverage

Press release from: Transparency Market Research

Potato Starch Market

Potato Starch Market

The potato starch market is experiencing a robust growth trajectory, fueled by diverse factors ranging from the rise in textile sector demands to the burgeoning popularity of functional foods. With an initial valuation of US$ 5.9 billion in 2022, the market is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.9%, reaching a valuation of US$ 9.1 billion by the end of 2031.

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Key Players and Market Developments
Emsland Group, Cargill, Incorporated, Meelunie B.V., Hanseland Ltd., Ingredion, Ingreto Ingredient Solutions, Sudstarke GmbH, Pepees S.A., Novidon, Avebe, Agrana Beteiligungs-AG, Tereos, Lyckeby Starch AB, Royal Ingredients Group, Tate & Lyle, Roquette Frรจres S.A., Skrobarny Pelhrimov a.s., Vimal PPCE, and PPZ Trzemeszno Sp. Z.o.o. are key players operating in this global potato starch market.

Analyst Viewpoint

According to analysts, the growth in the textile sector plays a pivotal role in propelling the potato starch market. The use of potato starch in fabric processing not only enhances robustness but also contributes to energy conservation. Moreover, the increasing focus on health benefits such as insulin sensitivity, colon health, and skin radiance is boosting the demand for organic potato starch.

Market Dynamics

Potato starch finds wide-ranging applications, from serving as a gluten-free alternative in baking to acting as a thickener in soups and gravies. Its utility extends to the development of plant-based meat alternatives, textile manufacturing, and healthcare sectors due to its excellent binding properties.

The textile sector, in particular, benefits from potato starch's ability to reduce fabric damage during processing, thus minimizing energy consumption. Additionally, its use in healthcare is associated with improved gut health and skincare benefits, including the reduction of acne scars and blemishes.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ | ๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐š๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=22961<ype=S

Regional Outlook

North America currently holds the largest share of the potato starch market, driven by the increasing adoption of plant-based and clean-label products. Europe is expected to witness steady growth, propelled by the preference for plant-based and organic food products. Meanwhile, Asia Pacific is poised for rapid expansion due to growing demand for ready-to-cook and ready-to-eat products, along with increased consumption of sauces, bakery products, and dressings.

About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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